Patrick Gaulthier, Amazon Pay
vice president, made it very clear that Amazon will not be entering into the
speculative areas.

Despite the declaration from
Amazon Pay Vice President, investors from across the world have been expecting
Amazon to join the list of technological giants who are beginning to launch
their cryptocurrencies.

The rumors about Amazon began
when the company registered three domain names for its blockchain and
cryptocurrency-related domain names.
While this news is not proof that Amazon is venturing into the
cryptocurrency industry, it is now proposed that the company might have
registered these domain names to protect its brand identity.

However, it is known that Amazon
is developing on its capabilities to launch a cryptocurrency. They have a fully managed blockchain service,
which is meant for the development of scalable blockchain networks. Amazon QLDB is a fully managed ledger
database, which is mainly used to develop blockchain applications. The company has a broad consumer base, and
when coupled with its capabilities to launch a cryptocurrency, Amazon is one of
the most eligible companies to enter into the cryptocurrency space.

Therefore, discussions are on
about whether Amazon would rethink its strategy considering its potential and
capabilities to launch its cryptocurrency.
It is Libra from Facebook, WMT stable coin from Walmart, and whether
Amazon will come up with one of its own is something that time would dictate.

An Austrian Telecommunication
giant is all set to accept cryptocurrency and would permit payment using
cryptocurrency in specific locations.

A report from Austrian tech news
site Futurezone states Dash, ethereum, litecoin, stellar and XRP will be
available for payment. “Cash is a
discontinued model” per Markus Schreiber.
He further said, “With our pilot operation in the A1 shops, we will test
demand and acceptance of digital currency in Austria.”

The payment method, according to
FutureZone, is not only focused on locals but also on the tourists.

In a recent survey, it was
revealed that one in 5 Turks make use of cryptocurrency. Turkey is reported to have the highest rate
of cryptocurrency adoption rate.
However, due to the lack of legislative framework across the world, the
risks of cryptocurrency trading are heightened, and there seems to be no hedge.

Though there is no clear
legislative framework for regulating cryptocurrency trading, it is not illegal
to trade cryptocurrency in Turkey.

Kurtuluş, chairman of the
Blockchain Association of Eurasia, stated, “Turkey also needs to closely
follow the trend for legal regulations on blockchain investments and focus on
the tax-related legislation.”

About The Author

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche.